There are only 118 of the S&P 500 stocks above their 50 dma, and only 267 of them above their 200 dma. The last three times that happened were near the bottoms of the corrections of Apr 2005, Oct 2005, and Jun 2006.
The S&P 500 index has a very low RSI and a high […]
This is a long-term look at the interaction between stocks (the S&P 500) and bonds (10-Yr Treasuries), in pictures.
From 1962 to the present, there is little correlation between the return of 10-Yr Treasuries and the appreciation of the S&P 500. “Return” includes price change and coupon, “appreciation” does not include dividends. Roughly speaking, […]
Three more of my stocks stopped out today, iShares Brazil (EWZ), Atrion Corp (ATRI), and Helmerich and Payne (HP). EWZ had just been opened this week, it’s a loss, ATRI was bought in June under 92 and stopped over 103, and HP was opened in mid-March and around 30.50 or thereabouts, it’s booking a […]
Another “panic day” by many measures, and it has certainly reached the point where it looks buyable with good odds of success.
Since Monday had a 2-day RSI under 65, and Tuesday was down, the traditional interpretation of the strategy would be to buy Wednesday’s close if it’s lower than today’s, and then sell […]
A big gainer in a short time, SmartPros (PED) stopped out today. I’ll likely hold the extra cash until the weekend.
As always, current positions are listed first in the watchlist, so as of now, PED is the second chart down on page five. I entered stops under the three new foreign editions, as […]
